Form 4: American Well Corp COO Kurt Knight Sells Shares to Cover Tax Obligations

Kurt Knight, Chief Operating Officer of American Well Corp, sold 682 shares of Class A Common Stock on October 1, 2024, to cover tax liabilities arising from the vesting and settlement of restricted stock units.

Summary

• On October 1, 2024, Kurt Knight, the Chief Operating Officer of American Well Corp [AMWL], sold 682 shares of Class A Common Stock.
• The sale was executed at a price of $9.1543 per share.
• The transaction was conducted to cover the tax liability resulting from the vesting and settlement of restricted stock units.
• Following the transaction, Knight directly owns 145,604 shares of Class A Common Stock.
• The sale was an automatic 'sell to cover' transaction and did not represent a discretionary trade by Knight.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate a change in the company's prospects.

Key Dates